Is the decline in American manufacturing caused by shifting the blame to the US dollar? Exchange rate negotiations and speculations are stirring up the market.

U.S. media reported that many American companies are now facing a dilemma: either pay higher shipping costs and a 30% tariff now, or wait for the tariffs to further decrease. Currently, apart from the UK, the U.S. has not reached a tariff agreement with its major trading partners, and the issue of exchange rates has made countries like Japan and South Korea nervous. The U.S. media pointed out that President Trump and some members of his economic and trade team have repeatedly claimed that the strength of the U.S. dollar relative to Asian currencies has made American products too expensive in export markets, damaging U.S. export competitiveness and ultimately leading to the shift of manufacturing capacity overseas. In recent months, there has been speculation in the market that the Trump administration may support the depreciation of the U.S. dollar, and some trading partners may also need to agree to appreciate their own currencies to reach trade agreements - since the beginning of Trump's second term, the exchange rate of the U.S. dollar against other major currencies in the world has fallen by about 8%.